Near term to Short Term Negative Divergences

 


NIFTY MICRO CAP 250. at critical point
Currently 18900 is critical by the end of the week
it has been tested
fall and close today or by end of the week can extend the correction to 16814 cmp-19097
Daily chart RSI nearing oversold
Dynamic Trend and Lagging Trend currently down therefore support is under pressure.


hourly chart of NIFTY MICROCAP 250 in oversold
NIFTY MICROCAP 250 morning high crossed on closing time then could be pullback resuming for micro-cap.
under performance seen in micro-cap.


small cap market
RS dropped sharply.
if the recovery has to happen then now in 1-2 days
for scap 


NIFTY TOTAL MARKET INDEX pattern on hourly not encouraging could be bearish breakdown. recovery from low seen in NIFTY TOTAL MARKET INDEX.


RISING WEDGE A BEARISH PATTERN
only pullback surely objective is to book profits apart from intra-day trading of up and down or 1-2 day trading of up and down
Negative Divergence also well in place for NIFTY TOTAL MARKET INDEX















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